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Energy security and regional cooperation in South-East Europe

Energy security and regional cooperation in South-East Europe Journal of Balkan and Near Eastern Studies, Volume 11, Number 3, September 2009 Energy security and regional cooperation in South-East Europe DIANA BOZHILOVA Introduction Up until the 1990s, the member states of the European Economic Community (EEC/EC) overwhelmingly considered decision-making in energy policy rendered best served by national governments. Then, the recession led to a sea change. Observing this shift begs two fundamental questions: (1) what framework conditions influence the causality between economic growth and energy consumption, and (2) how can we control for them? Distance, in the first instance, became the salient variable in the energy equation. Europe’s geographic remoteness from proven reserves of fossil fuels has threatened the pricing system. It has burdened the consumer, breaking down consumption volumes. Yet, distance is a controlled variable that cannot be mitigated by policy. Next, trade as an independent policy variable, was expected to allay both the increased conflict brought about by geographic proximity and the effects of distance in diminishing cooperation. The critical issue in respect of energy resources is that although trade may mitigate violent conflict since exporting and importing states are further a distance from one another, in actual fact it may also lead to an increase http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Balkan and Near Eastern Studies Taylor & Francis

Energy security and regional cooperation in South-East Europe

Bozhilova, Diana
Journal of Balkan and Near Eastern Studies , Volume 11 (3): 19 – Sep 1, 2009
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Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
1944-8961
eISSN
1944-8953
DOI
10.1080/19448950903152151
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Abstract

Journal of Balkan and Near Eastern Studies, Volume 11, Number 3, September 2009 Energy security and regional cooperation in South-East Europe DIANA BOZHILOVA Introduction Up until the 1990s, the member states of the European Economic Community (EEC/EC) overwhelmingly considered decision-making in energy policy rendered best served by national governments. Then, the recession led to a sea change. Observing this shift begs two fundamental questions: (1) what framework conditions influence the causality between economic growth and energy consumption, and (2) how can we control for them? Distance, in the first instance, became the salient variable in the energy equation. Europe’s geographic remoteness from proven reserves of fossil fuels has threatened the pricing system. It has burdened the consumer, breaking down consumption volumes. Yet, distance is a controlled variable that cannot be mitigated by policy. Next, trade as an independent policy variable, was expected to allay both the increased conflict brought about by geographic proximity and the effects of distance in diminishing cooperation. The critical issue in respect of energy resources is that although trade may mitigate violent conflict since exporting and importing states are further a distance from one another, in actual fact it may also lead to an increase

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Journal of Balkan and Near Eastern Studies – Taylor & Francis

Published: Sep 1, 2009

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